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Inside Take: More to the BofA MSR sale story?

January 3, 2013

By Paul Muolo / pmuolo@imfpubs.com

Inside Mortgage Finance's story on Bank of America scuttling its sale of $14 billion of high-touch mortgage servicing rights garnered quite a bit of interest from readers on Thursday, and brought in several new leads.

Although the bank, as a policy, does not discuss sale rumors, we heard renewed talk that BofA was contemplating the sale of $100 billion in MSRs at some point late last year. We'll be updating the story as part of IMF's Friday 'What We're Hearing' column…

Meanwhile, by January 9 or so, the Consumer Financial Protection Bureau’s (somewhat) final rule on Qualified Mortgages should leak out. For more information contact: tressler@imfpubs.com...

 

 

Poll

The yield on the benchmark 10-year Treasury fell to all-time low of 1.34% recently. How much better will originations be at your shop in the second half compared to 1H, if at all?

Better by 1% to 10%.

30%

Better by 11% to 25%.

39%

Off the charts better. Applications are great now.

22%

Worse than 1H, but not by much.

4%

A lot worse. But not sure on the damage.

4%

Housing Pulse